Can Bureaucrats Stimulate High-Risk High-Payoff Research?
- Can Bureaucrats Stimulate High-Risk High-Payoff Research?
- Lee, Ju-ho
- Issue Date
- Series/Report no.
- KDI Working Paper Series;WP15-06
- Despite the world-highest expenditure in R&D as a percentage of GDP, there is a rising
concern that Korean researchers in universities and government-funded research institutes
(GRIs) are contributing neither to creating new opportunities for the economy nor to solving
big societal challenges. Based on the international comparison of academic papers, patents
and technology transfers, this paper shows Korea’s poor performance in high-risk highpayoff
research. We also point out that the root cause of such low performance in high-risk
high-payoff research is a heavy-handed control over research communities by bureaucrats in
ministries. This paper suggests several reform agendas for removing excessive bureaucratic
controls and strengthening the autonomy of the funding and project agencies, GRIs, and
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